HUBBERD ESTATE "G"

Operated by VARAS ENERGY OPERATING COMPANY, (P-5 102824) in the LA PERLA (LOBO CONS.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 159532District 04Field 509250152 tax incentive programmesCondensateGasSaveExport
Value, all time
$2.4 M
Jul 1996 – May 2026
Value, last 12 filed months
$41 k
at the published price for each month
Months reported
359
no gaps in the span
Streams
2
condensate, gas

The Railroad Commission's own record for the field this lease produces from, including the spacing rule that governs how close together its wells may be drilled.

These are facts about the field, not about this lease. The field holds 719 leases and 719 wells, and the rule below applies to all of them.

Discovered
1999-06-29
as the register files it
Field class
Gas
the register's own label
Between wells
1,200 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2010-11-02.

The Commission's schedule remark for this field reads: PERMITTED/DRILLED/COMPLETED ON THE SAME LEASE.

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas111996-11-14135601
NGPA1none

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

What this lease produced, and what it was worth

Oil and condensate are valued on the volume the state records as disposed of; gas and casinghead gas on the volume produced. They are different columns of different files, and the difference is not cosmetic.

StreamBasisVolumeValue
CondensateDisposition1,206 bbl$52,692
GasProduction658,661 Mcf$2,375,413
Total$2,428,105

67,031 Mcf of this lease's gas, across 6 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

Wells on this lease (1)

Every wellbore the Railroad Commission records against this lease key, with the depth, the last completion and the plug date exactly as filed. A well with no plug date is not stated to be producing — the state files no such flag.

These wells centre on 27.3518, -99.3119. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.35182, -99.31185 · centre of the wells drawn, derived

What these wells add up to

Every figure below is counted over all of this lease's wells, not over the rows listed above. The Railroad Commission files two facts about a well's state — a plug date and a proration-schedule flag — and a well can carry both, so they are published as separate counts and never merged into a status.

On the schedule
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
9,500 ft
1 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
00.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
1100.0%

A plug date is the date the Commission recorded the wellbore as sealed with cement and abandoned. It is the only end-of-life fact Texas files. There is no "active" flag on a well, so this page does not print one — a well with no plug date is not stated to be producing.

How deep they were drilled

The one well that filed a depth was drilled to 9,500 ft.

Completions filed
Aug 1996
1 of 1 wells

1 well

42-4793503129,500 ftAug 1996

The API number is the state's, prefixed 42 for Texas. A well is matched to this lease by the lease key the Commission files on the wellbore record, so a well that has moved between leases appears under each one it was filed against.

Every month this lease reported (359)

Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.

359 months

May 202601,217106.413.05$3,707
Apr 202601,13398.932.87$3,251
Mar 20263527289.753.15$3,998
Feb 202601,31363.503.75$4,924
Jan 202601,79559.138.00$14,356
Dec 202501,28856.664.41$5,684
Nov 2025092058.593.93$3,612
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250563.933.01$15
Jul 202501666.743.32$53
Jun 2025038666.483.13$1,208
May 202501,09260.553.23$3,530
Apr 2025095862.363.54$3,394
Mar 2025331,11067.704.27$6,972
Feb 2025089970.884.34$3,902
Jan 202501,29074.324.28$5,520
Dec 202401,43468.993.12$4,476
Nov 202401,10269.052.20$2,423
Oct 202401,26471.372.28$2,884
Sep 202401,27169.612.36$3,005
Aug 2024351,48475.632.06$5,709
Jul 2024072879.932.15$1,563
Jun 2024066078.082.63$1,738
May 2024082478.812.20$1,812
Apr 202401,51584.451.66$2,514
Mar 2024018380.301.55$283
Feb 2024017576.091.78$312
Jan 20240073.023.30$0
Dec 2023066671.262.61$1,739
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 2023012089.042.74$328
Aug 2023072580.522.67$1,938
Jul 2023082874.852.64$2,187
Jun 2023079268.962.26$1,789
May 2023081670.622.23$1,818
Apr 2023084078.122.24$1,880
Mar 2023096172.852.39$2,300
Feb 2023095375.112.47$2,350
Jan 202301,06876.533.39$3,618
Dec 202201,24576.415.73$7,133
Nov 2022311,18585.005.65$9,326
Oct 202201,26187.185.86$7,394
Sep 202201,07984.888.16$8,809
Aug 202201,21394.529.13$11,071
Jul 202201,422101.587.54$10,725
Jun 202201,540115.097.98$12,285
May 202201,182109.378.43$9,968
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 202201,12881.844.54$5,119
Dec 2021291,20671.323.90$6,771
Nov 202101,15077.435.24$6,022
Oct 202101,35779.795.71$7,754
Sep 202101,28869.865.35$6,892
Aug 202101,34766.024.22$5,685
Jul 202101,63870.783.98$6,523
Jun 202101,20869.493.38$4,084
May 2021084363.483.02$2,544
Apr 2021067860.362.76$1,870
Mar 2021053761.302.72$1,459
Feb 202107357.805.55$405
Jan 2021069250.412.81$1,945
Dec 2020078444.642.68$2,098
Nov 202001,14838.772.71$3,107
Oct 202001,20836.972.48$2,994
Sep 2020341,26737.091.99$3,784
Aug 202001,29939.982.39$3,098
Jul 202001,33038.371.83$2,427
Jun 202001,14534.901.69$1,935
May 202001,19516.921.81$2,169
Apr 202001,00914.751.80$1,821
Mar 202001,08830.341.86$2,020
Feb 202001,18549.881.98$2,347
Jan 202001,30657.252.09$2,736
Dec 2019311,14559.012.30$4,468
Nov 201901,20155.302.75$3,304
Oct 2019092953.472.42$2,247
Sep 201901,33355.052.66$3,542
Aug 201901,64453.112.30$3,788
Jul 201901,30956.272.46$3,220
Jun 201901,32152.782.49$3,291
May 201901,24558.482.74$3,412
Apr 201901,13862.632.75$3,130
Mar 2019181,50556.803.06$5,631
Feb 2019078150.852.79$2,181
Jan 201901,10246.033.23$3,557
Dec 201801,10046.594.19$4,604
Nov 201801,23152.934.24$5,216
Oct 201801,39861.443.40$4,751
Sep 2018311,11959.543.11$5,324
Aug 201801,17059.403.07$3,588
Jul 201801,57865.142.93$4,627
Jun 201801,50060.183.08$4,615
May 20180065.382.90$0
Apr 201801,32963.842.90$3,855
Mar 201801,40061.222.79$3,902
Feb 201801,38461.782.77$3,828
Jan 2018351,44362.874.01$7,986
Dec 201701,48557.272.92$4,338
Nov 201701,50355.423.12$4,687
Oct 2017341,60349.292.98$6,459
Sep 201701,53247.523.09$4,730
Aug 201702,12245.373.00$6,375
Jul 201701,79543.873.09$5,542
Jun 20170042.493.09$0
May 20176363045.373.26$4,914
Apr 201701,90547.933.21$6,118
Mar 201702,82446.772.98$8,426
Feb 2017074850.452.95$2,209
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 201601,06841.553.10$3,311
Aug 2016371,31941.442.92$5,390
Jul 201601,29941.622.92$3,799
Jun 201601,31545.352.69$3,532
May 2016391,35042.521.99$4,346
Apr 201601,28236.561.99$2,553
Mar 2016241,40933.011.79$3,320
Feb 201601,30326.472.06$2,689
Jan 2016321,45927.352.36$4,325
Dec 201501,17532.362.00$2,352
Nov 201501,22538.792.17$2,655
Oct 201501,36343.552.43$3,307
Sep 2015221,33942.992.76$4,639
Aug 201501,39340.162.87$4,001
Jul 201501,48348.152.95$4,368
Jun 201501,63856.152.88$4,722
May 2015271,59355.212.96$6,199
Apr 201501,80449.822.71$4,883
Mar 201501,11742.892.93$3,278
Feb 2015261,22944.662.98$4,819
Jan 201501,52643.433.10$4,732
Dec 201401,81354.693.59$6,511
Nov 201402,49870.464.25$10,621
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 2014022189.394.04$892
Jul 20140096.564.18$0
Jun 201401,03298.164.74$4,888
May 201401,92494.734.73$9,094
Apr 201401,68195.944.81$8,084
Mar 201401,54995.895.06$7,833
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 2013066794.403.93$2,624
May 201301,17494.834.15$4,871
Apr 201301,05893.964.28$4,531
Mar 201301,25293.623.91$4,899
Feb 201301,35691.233.42$4,637
Jan 201301,31991.603.42$4,511
Dec 201201,57086.773.42$5,370
Nov 201201,63486.953.62$5,923
Oct 201201,74089.383.40$5,915
Sep 201201,07494.672.92$3,134
Aug 201201,32792.662.91$3,859
Jul 201201,12685.133.02$3,401
Jun 201201,19979.822.52$3,020
May 201201,13891.612.49$2,832
Apr 201201,014101.652.00$2,025
Mar 201201,336105.052.22$2,969
Feb 201201,243101.102.57$3,195
Jan 201201,36698.092.73$3,735
Dec 201101,39996.873.24$4,532
Nov 2011085495.723.31$2,828
Oct 201101,25784.983.65$4,586
Sep 201101,49483.623.99$5,955
Aug 201101,50783.404.15$6,253
Jul 201101,39394.144.52$6,293
Jun 201101,20792.904.64$5,600
May 201101,35198.134.40$5,951
Apr 201101,259105.964.33$5,456
Mar 201101,26296.364.06$5,120
Feb 201101,35485.644.18$5,660
Jan 2011099086.504.59$4,543
Dec 2010097085.734.35$4,217
Nov 2010097480.843.80$3,697
Oct 201001,19978.103.51$4,207
Sep 201001,48972.633.98$5,925
Aug 201001,43873.684.42$6,355
Jul 2010098672.554.74$4,670
Jun 201001,32770.364.91$6,516
May 201001,24471.124.24$5,269
Apr 201001,16381.694.12$4,795
Mar 201001,32378.394.39$5,806
Feb 201001,41873.585.44$7,717
Jan 201001,33074.365.96$7,932
Dec 200921,32071.445.48$7,381
Nov 200901,47674.593.75$5,537
Oct 2009087272.544.11$3,584
Sep 200901,31665.543.06$4,033
Aug 200901,59767.423.22$5,140
Jul 200901,85861.133.46$6,437
Jun 2009083166.163.90$3,237
May 2009072954.743.93$2,862
Apr 2009069746.773.59$2,500
Mar 200901,02642.144.06$4,165
Feb 2009095632.814.63$4,429
Jan 200901,03135.865.37$5,538
Dec 200881,20337.105.98$7,487
Nov 2008093055.496.86$6,380
Oct 2008101,60875.246.92$11,883
Sep 200801,429101.767.88$11,256
Aug 20080979114.228.48$8,305
Jul 200801,207131.0811.39$13,747
Jun 200801,067131.3313.03$13,906
May 20080725123.1711.57$8,391
Apr 200801,166110.3110.45$12,190
Mar 200801,160101.909.66$11,210
Feb 2008058092.538.77$5,087
Jan 2008082890.388.21$6,794
Dec 200701,33688.337.30$9,755
Nov 200701,71791.677.29$12,520
Oct 200701,32682.856.92$9,179
Sep 2007096375.846.24$6,013
Aug 200701,31769.066.39$8,413
Jul 200701,15670.906.39$7,384
Jun 2007096862.007.55$7,307
May 200701,13058.747.85$8,866
Apr 200701,07859.617.81$8,414
Mar 200701,27256.927.30$9,288
Feb 200701,49455.108.22$12,275
Jan 200701,51050.306.73$10,158
Dec 200601,53756.656.92$10,634
Nov 200601,61854.207.62$12,325
Oct 200601,58154.906.01$9,508
Sep 200601,36860.085.04$6,891
Aug 200611,60468.717.34$11,842
Jul 200601,38469.376.34$8,778
Jun 200601,50666.286.38$9,614
May 200601,72666.016.42$11,090
Apr 2006121,89364.397.36$14,706
Mar 200601,70656.707.08$12,083
Feb 200601,30157.597.75$10,084
Jan 200601,83460.598.93$16,384
Dec 2005261,51554.9413.42$21,753
Nov 200501,57754.6910.59$16,698
Oct 200501,84558.3413.80$25,453
Sep 200501,88061.4512.08$22,709
Aug 200501,94661.519.80$19,065
Jul 200501,71655.697.84$13,460
Jun 200501,61052.337.38$11,883
May 200501,73245.226.65$11,520
Apr 200501,88949.207.36$13,904
Mar 200501,79650.377.15$12,850
Feb 200501,89445.226.31$11,955
Jan 200502,32243.166.32$14,680
Dec 200402,41339.866.75$16,290
Nov 200402,68145.286.33$16,972
Oct 200402,28049.706.52$14,854
Sep 200441,76243.245.28$9,483
Aug 200401,71242.375.55$9,503
Jul 200481,94238.286.08$12,122
Jun 200401,90836.106.43$12,274
May 200402,09037.486.49$13,574
Apr 200401,96534.475.86$11,512
Mar 2004221,78234.365.53$10,611
Feb 200401,70532.455.51$9,394
Jan 200401,91832.036.30$12,083
Dec 200301,71530.266.30$10,807
Nov 2003332,01928.804.60$10,228
Oct 200302,03228.174.76$9,672
Sep 200302,36126.314.75$11,213
Aug 200302,32129.765.13$11,906
Jul 200302,49029.415.17$12,875
Jun 200302,59528.565.98$15,526
May 200303,19726.595.97$19,095
Apr 2003812,28926.675.41$14,538
Mar 200301,67831.146.10$10,229
Feb 200301,61933.487.93$12,832
Jan 200301,17730.315.58$6,570
Dec 200201,79826.914.85$8,727
Nov 200202,80224.664.14$11,592
Oct 2002531,43126.464.23$7,454
Sep 200201,85127.443.64$6,729
Aug 200201,61025.963.16$5,094
Jul 200202,07524.583.06$6,353
Jun 200202,06223.733.34$6,883
May 200202,07324.663.58$7,430
Apr 200202,41123.653.51$8,468
Mar 200201,96322.003.10$6,091
Feb 200201,94118.222.38$4,611
Jan 200201,95017.172.38$4,633
Dec 200102,03416.932.36$4,809
Nov 2001097718.072.41$2,350
Oct 200102,54119.782.53$6,426
Sep 200101,94424.262.25$4,377
Aug 200101,89024.873.05$5,770
Jul 200102,53123.933.20$8,092
Jun 200101,99924.563.82$7,645
May 200102,34925.524.31$10,118
Apr 200101,81124.685.34$9,662
Mar 200101,57524.545.38$8,468
Feb 200101,78527.755.77$10,294
Jan 200107,13827.478.40$59,950
Dec 200002,19526.889.12$20,024
Nov 200002,58332.215.66$14,615
Oct 200002,89431.235.15$14,891
Sep 2000872,43931.875.19$15,423
Aug 20001352,42829.644.54$15,026
Jul 200001,98928.534.09$8,135
Jun 200002,38729.304.40$10,496
May 200003,16727.263.68$11,654
Apr 200003,33224.513.12$10,383
Mar 200003,03328.422.86$8,674
Feb 2000772,83927.622.73$9,867
Jan 2000132,95025.272.48$7,646
Dec 199902,65724.282.42$6,440
Nov 199902,83023.192.43$6,888
Oct 199993,09720.982.80$8,872
Sep 199902,52021.752.62$6,600
Aug 199902,90419.262.88$8,351
Jul 199903,60917.892.37$8,562
Jun 199903,49215.942.36$8,248
May 199903,19115.792.32$7,406
Apr 199903,23615.102.21$7,145
Mar 199903,51012.471.84$6,453
Feb 199903,2359.981.82$5,881
Jan 199903,47110.381.90$6,595
Dec 199803,5589.201.77$6,309
Nov 199803,67410.892.19$8,030
Oct 199803,76112.421.97$7,406
Sep 199803,40512.592.08$7,091
Aug 199804,31911.301.91$8,238
Jul 199804,08111.742.24$9,130
Jun 199803,90111.242.24$8,728
May 199804,18612.622.21$9,236
Apr 199804,56613.042.51$11,439
Mar 199804,79012.802.31$11,062
Feb 199804,42113.952.30$10,164
Jan 199805,41514.702.15$11,668
Dec 199705,47016.322.41$13,189
Nov 199705,19118.193.09$16,031
Oct 199705,93619.253.15$18,697
Sep 199706,23517.742.95$18,424
Aug 199705,77417.862.55$14,751
Jul 199706,48717.582.25$14,576
Jun 199706,51217.242.26$14,699
May 199707,45118.972.31$17,201
Apr 199707,56417.882.08$15,754
Mar 199737,91218.951.94$15,399
Feb 199737,47420.492.21$16,548
Jan 199707,75023.483.54$27,433
Dec 1996310,50423.32$70
Nov 1996011,57421.97$0
Oct 1996014,94023.31$0
Sep 1996019,67622.22$0
Aug 199609,56420.26$0
Jul 1996077319.55$0

How to read this page

The arithmetic is one multiplication per stream per month. Here it is, worked, on a real row from the table above.

May 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $106.41 =         $0
Gas                1,217 Mcf  × $  3.05 =     $3,707

────────────────────────────────────────────────────
Month total                                   $3,707

The volumes are the state's, unchanged

Every barrel and every Mcf on this page is a number the Railroad Commission of Texas published in its monthly production query. Nothing is modelled, estimated or filled in.

The dollars are a multiplication, not a valuation

Volume × a published monthly price. It is not what the operator was paid: it takes no account of a contract, a differential, a transportation deduction, or the share any one owner holds.

Oil and gas are priced differently

Oil is a Texas realisation — the crude oil first purchase price. Gas is a benchmark, because no free Texas wellhead gas series exists at any date. The prices page publishes the difference rather than correcting it away.

A lease is not a well

The state reports oil on lease and gas on well, and this page is the lease grain. 04/G/159532 is the state's own key, not one this site invented.